The Current Spot Rate Is C$1

The current spot rate is C$1.1578 and the one-year forward rate is C$1.1397. The nominal risk-free rate in Canada is 7 percent while it is 6.5 percent in the U.S. Using covered interest arbitrage you
Can earn an extra _____ profit over that which you would earn if you invested $1 in the U.S.

A) $.0022
B) $.0025
C) $.0220
D) $.0239
E) $.0250